EVOC<08285> - Results Announcement (Q3, 2006, Summary) Shenzhen EVOC Intelligent Technology Company Limited announced on 10/11/2006: (stock code: 08285 ) Year end date :31/12/2006 Currency :RMB Auditors' report :N/A 3rd Quarterly Report Reviewed by :Audit Committee Important Note : This result announcement form only contains extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be viewed on the GEM website at http://www.hkgem.com (Unaudited) (Unaudited) Current Last Corresponding Period Period from 01/01/2006 from 01/01/2005 to 30/09/2006 to 30/09/2005 RMB'000 RMB'000 Turnover : 196,959 161,351 Profit/(Loss) from Operations : 58,508 33,075 Finance cost : (70) (193) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : 55,576 30,230 % Change Over the Last Period : +83.84% EPS / (LPS) Basic (in dollar) : RMB 0.054 RMB 0.029 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 55,576 30,230 3rd Quarter Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 3rd Quarter Dividends : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : NIL B/C Dates for Other Distribution : N/A (bdi: both days inclusive) For and on behalf of Shenzhen EVOC Intelligent Technology Company Limited Signature : Name : Lee Sing Yeung Simon Title : Company Secretary Responsibility statement The directors of the Company (the "Directors") as at the date hereof hereby collectively and individually accept full responsibility for the accuracy of the information contained in this results announcement form (the "Information") and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief the Information are accurate and complete in all material respects and not misleading and that there are no other matters the omission of which would make the Information herein inaccurate or misleading.The Directors acknowledge that the Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to indemnify the Exchange against all liability incurred and all losses suffered by the Exchange in connection with or relating to the Information. Remarks: 1. Listing Date The Company's shares were listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the "GEM") on 10 October 2003. 2. Basis of preparation The unaudited quarterly results of the Group has been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRSs") (which also include Hong Kong Accounting Standards ("HKASs") and Interpretations) issued by the Hong Kong Institute of Certified Public Accountants, accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance and the GEM Listing Rules. The accounting policies adopted are consistent with those followed in the preparation of the Group's annual financial statement for the year ended 31 December 2005. They have been prepared under the historical cost convention and are presented in Renminbi ("RMB") and all values are rounded to the nearest thousand except when otherwise indicated. 3. Turnover 2006 2005 Turnover RMB'000 RMB'000 Sales of Products Board-type EIP 108,485 88,687 Chassis-type EIP 83,018 67,655 Remote data modules 5,456 5,009 ---------- --------- Total turnover 196,959 161,351 ========== ========== 4. Tax The Company is located in the Shenzhen Special Economic Zone and is therefore subject to a corporate income tax rate of 15%. In accordance with the relevant income tax laws and regulations in the PRC, the Company was exempt from corporate income tax for two years commencing from its first year with assessable profits after deducting the tax losses brought forward, and was entitled to a 50% tax exemption for the next three years. As a new and high technology enterprise, the Company had apply to the Shenzhen Administration of Taxation in 2004 for a 50% exemption from income tax for a further period of five years and obtained the approval in 2004 for a 50% exemption from income tax for three more years until the year ending 31 December 2006. The branches of the Company are located in various cities of Mainland China and are subject to a corporate income tax rate of 33% on their assessable profits for the period. The subsidiary of the Group located in Shenzhen Special Economic Zone is exempt from corporate income tax for two years starting form its first profit-making year, followed by a 50% reduction for the next three years, therefore no provision for income tax has been made for the period. No provision for corporate income tax has been made for the subsidiary in Shanghai as it did not have any assessable profits for the period. 5. Earning per share The calculation of basic earnings per share for the nine months ended 30 September 2006 is based on the unaudited profit attributable to shareholders of approximately RMB55,576,000 (2005 :RMB30,230,000) and the 1,027,620,000 (2005: 1,027,620,000) ordinary shares in issue during the period. Diluted earnings per share amount for the nine months ended 30 September 2006 and 2005 have not been disclosed as no diluting events existed during these period. The number of ordinary shares for both periods for the purpose of basic earnings per share has been adjusted for the bonus issue approved pursuant to the annual general meeting held on 30 May 2006. 6. Dividend The Directors do not recommend the payment of dividend for the nine months ended 30 September 2006 (2005: Nil).